On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act (ARRA), a $787 billion economic stimulus package developed with the goals to create new and save existing jobs and to invest in long-term economic growth. The federal government made available $48 billion nationally for a variety of discretionary grant and formula-based transportation programs. Of the formula-based funds, California expects to receive $2.57 billion for highways and $1.1 billion for transit.
THE USE OF FEDERAL ECONOMIC STIMULUS FUNDS FOR TRANSPORTATION
Wednesday, January 20th, 2010, 1:30 p.m.
State Capitol, Room 112
An Informational Hearing of
The Senate Transportation and Housing Committee